when a government is running deficits of 7%, 8%, 9% of gdp, accumulated debt that's now 100% of gdp while the central bank is monetizing most of that debt and keeping interest rates artificially low, this is a terribly dangerous combination. and i think we're living on borrowed time. so i want to start to see meaningful adjustments in the big entitlement programs, spending discipline that will get us on the road to a sustainable budget, but i just don't think we should throw the president another credit card without some kind of progress on the real problem that we face. >> well, i get that. couple things have always bothered me about this, though. if you just do a couple of numbers. i did it with rick santelli this morning. and cbo is going to revise these. but look, basically per month, we're looking at $250 billion worth of revenues per month. if you take out debt expense, medicaid, medicare, and social security, you have already absorbed, let's see, 65% of those revenues. and i haven't even put in, veterans benefits, smaller entitlements, and politically sensitive programs. >> right.